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1 <br /> costs and expenses of such improvement. Out of said fund shall be <br /> paid the bonds, interest thereon wid the entire cost of such <br /> irprovement. <br /> 1 Eection 5: That the cost and expense of such improvement <br /> 2 shall Be defrayed by s ;,ecial assessments, payable in ten (10) <br /> 3 equal annual installments with interest thereon at the rate of <br /> 4 7;4, per annum, under the mode of payment by bonds a provided by <br /> 5 law and the ordinances of said city. Bonds bearing interest at <br /> 6 the rate of 77a per annum, payable on or before twelve years from <br /> 7 date of issue shall be issued in pyment of the cost and expense <br /> 8 of such improvement or the City of Everett ma. 1 at its election, <br /> 9 I sell said bonds and make payment in cash in the manner provided <br /> 10 by the ordinances of said city. <br /> 11 <br /> 12 <br /> „4L <br /> 13 — <br /> 0 r• <br /> 14 <br /> Passed: Jnly 17t1 , <br /> 15 my.rml.W•am1 <br /> LOW'LEsa <br /> 16 I Attest : City <br /> 17 <br /> Published: '7 <br /> 18 <br /> 19 <br /> 20 <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> • <br /> 29 <br /> 30 <br /> 31 <br />